Germany's shares fall amid uncertainty about Greek debt payback

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Source: Bloomberg
© scanpix/AFP

German equities dropped after investor confidence tumbled and the euro group meeting did not lead to an agreement between finance ministers and IMF on how to solve the Greek debt turmoil. The DAX Index eased 0.9% to 7,103.17, yet still showing a 19% growth from this year's low, after the ECB launched unlimited bond-buying program. German biggest utility EON AG slumped 0.9% after it lowered its earnings estimates for the year 2013, while K+S AG (SDF) plunged 4.6%, the biggest drop in five months, on lower profit forecast.

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